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Overconfidence and Gender Differences in Wage Expectations

Stephanie BrielAderonke OsikominuGregor PfeiferMirjam ReuterSascha Satlukal

出版	IZA - Institute of Labor Economics, 2020
URL	http://books.google.com.hk/books?id=8DPjzQEACAAJ&hl=&source=gbs_api

註釋

We analyze the impact of overconfidence on gender differences in wage expectations using elicited beliefs of German university applicants. Interestingly, female students have lower wage expectations and are less overconfident than their male counterparts. Oaxaca-Blinder decompositions show that a substantial part (7.6%) of the gender gap in wage expectations can be explained by stronger overconfidence of males. Applying recentered influence function decompositions, we find that the impact of overconfidence on the gender gap is particularly strong at the bottom and top of the wage expectation distribution, suggesting that females with the lowest expectations feature a very low level of confidence while males with the highest expectations feature a very high level of confidence.